“Token Trades Between $ 2.70– $ 2.84 in Aug. 31 – Sept. 1 Window, with WHALE ACCUMULATION COUNTERING HEVY Resistance at $ 2.82– $ 2.84.”, – WRITE: www.coindesk.com
Token Trades Between $ 2.70– $ 2.84 in Aug. 31 – Sept. 1 Window, with WHALE ACCUMULATION COUNTERING HEVY Resistance at $ 2.82– $ 2.84.Updated Sep 1, 2025, 1:27 PM PUBLISHED SEP 1, 2025, 1:27 PM
(Coindesk Data)
What to Know:
- XRP Traded Between $ 2.70 and $ 2.84 from Aug. 31 to Sept. 1, with WHALE ACCUMULATION CONNTERING REASISTANCE.
- WHALES Accumulated 340 Million Xrp Over Two Weeks, Indicating Institutional Interest Despite Bearish Trends.
- A Breakout Above $ 2.84 Could Lead to A Price Range of $ 3.00 to $ 3.30, While A Drop Below $ 2.70 May Expose $ 2.50 As Support.
Token Trades Between $ 2.70– $ 2.84 in Aug. 31 – Sept. 1 Window, with WHALE ACCUMULATION COUNTERING HEVY Resistance at $ 2.82– $ 2.84.
News Background
- Xrp Fell From $ 2.80 to $ 2.70 Durying Late Aug. 31 – Early Sept. 1 Before Rebounding to $ 2.82 On Heavy Volumes.
- WHALES ACCUMULATED 340M XRP Over Two WeeksA signal of institctional conspite short-term Bearish Pressure.
- On -chain Activity Spiked with 164m Tokens Traded During the Sept. 1 morning reboundMore Than Double Session Averages.
- September Remains A Historically Weak MONTH FOR Crypto, But Whale Accumulation is Viewed As A Counterbalance to Retail Liquidation Flows.
Price Action Summary
- Trading Range Spanned $ 0.14 (≈4.9%) Between $ 2.70 Low and $ 2.84 High.
- The Steepest Deckline Came at 23:00 GMT on Aug. 31, As Price Slid from $ 2.80 to $ 2.77 on 76.87m VolumeNearly 3x Daily Averages.
- AT 07:00 GMT Sept. 1, Bullish Flows Drove a Rebound from $ 2.73 to $ 2.82 On 164m VolumeCementing $ 2.70– $ 2.73 As Near-Term Support.
- Final Hour Consolidation (10: 20–11: 19 GMT) SAW PRICE SLIP 0.71% from $ 2.81 to $ 2.79, with Heavy Selling Between 10: 31–10: 39 on 3.3m Volume per minuteConfirming Resistance AT $ 2.80– $ 2.81.
Technical Analysis
- Support: $ 2.70– $ 2.73 Floor Repeatedly Defended, Reinforced by Whale Buying.
- Resistance: $ 2.80– $ 2.84 Remains the rejection zone, with $ 2.87– $ 3.02 as the Next Upside Threshald.
- Momentum: Rsi Near Mid-40s After Rebound, Showing Neutral-To-Bearish Bias.
- Macd: Compression Phase Continues; Potential Crossover If Acumulation Perses.
- Patterns: Symmetric triangle forming with volatility compression; Breakout Path Remains Open Toward $ 3.30 If Resistance Clears.
What Traders Are Watching
- If $ 2.70– $ 2.73 Holds, Short-TRADERS WILL TRATAT IT AS A Springboard for $ 2.84 Retes.
- A CLOSE ABOVE $ 2.84 Wuld Put $ 3.00– $ 3.30 Back in Play.
- Downside Scenario: Breach of $ 2.70 Exposes $ 2.50 As Next Structural Support.
- WHALE ACCUMULATION VS. Institutional Selling-The Push-Pull Dynamic that Could Dictate September Direction.
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